Looking at the 240min chart of the USDCHF we may see that price is moving in a descending channel, with price testing the upper parallel. We already see a rejection at the trendline - a bearish pinbar for those who trade price action. No matter what is your strategy, keeping an eye for a sell setup at the parallel acting as resistance is a nice idea
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This is the setup I was looking for to short USDCHF.. Sell the breakout when the correction is over
